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Cannabis Market worth $90.4 billion by 2026 - Exclusive Report by MarketsandMarkets™
Based on product type, flower segment dominated the Cannabis Market. Flower have a wider availability. Also, its method delivery as smoking or vaping the cannabis flower has a quicker effect and is preferred for fast-acting relief.
Cannabis Market
Based on application, medical is the second-largest segment in the overall Cannabis Market. The growth of this segment is majorly attributed to the increasing legalization of medical cannabis across various regions. Also, the consumers are becoming more aware about the medicinal benefits of cannabis.
By compound, the Cannabis Market is segmented into THC-dominant, CBD-dominant, and Balanced THC & CBD. CBD-dominant segment accounted for the second-largest market share in the overall Cannabis Market. It is considered one of the most therapeutic and healing part of the plant. Also, CBD-dominant strains are preferred by consumers suffering from chronic pain, inflammation, anxiety, and other chronic disorders.
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Europe will be the fastest-growing region in the global Cannabis Market in the forecast period. The Cannabis Market in Europe is majorly driven by the increasing legalization of medical cannabis in the region coupled with healthcare system present in several Euroepan countries. Along with this, the demand for medical cannabis is rising in the region, further fueling the growth of European Cannabis Market.
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Canopy Growth Corporation ( Canada ), Aurora Cannabis Inc. ( Canada ), MedMen (US), Terra Tech Corp. (US), Aphria Inc. ( Canada ), VIVO Cannabis Inc. ( Canada ), The Cronos Group ( Canada ), Medical Marijuana Inc. (US), STENOCARE ( Denmark ), Tikun Olam ( Israel ), Organigram Holdings Inc. ( Canada ), Cresco Labs (US), Indiva ( Canada ), Curaleaf Holding Inc. (US), HEXO Corp. ( Canada ), Ecofibre Limited ( Australia ), Harvest Health & Recreation (US), Green Thumb Industries (US), Maricann Group Inc. ( Canada ), and TerrAscend ( Canada ).
by Type (Hemp Seed, Hemp Seed Oil, Hemp Fiber, and CBD Hemp Oil), Application (Food, Beverages, Personal Care Products, Textiles, and Pharmaceuticals), Source (Organic and Conventional), and Region - Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/industrial-hemp-market-84188417.html
by Products & Software's (Instruments, Consumables, LIMS), Services (Heavy Metal Testing, Microbial Analysis, Potency, Residual Screening), End-User (Cultivators, Laboratories, Research Institutes) -Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/cannabis-testing-market-46932450.html
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